Synopsis

Based on this evaluation, Unit 1001 of 444 17th St Denver, CO 80202 is worth $275,000 as the housing market data from Zillow suggests flat/slightly negative metrics of the growth for 1 bedroom units in 80202. This property was bought for $269,000 slightly over a year ago. Therefore an offer of $275,000 is a reasonable price for both parties as the seller nets $6,000 in slightly over a year without conducting any major renovations especially given the flat trends from the Zillow Housing Data below.

Median Listing Price

The median price since the unit has been purchased has decreased by -1 %

The median listing prices from purchase to end of 2019 (YoY)

Growth since Purchase

The Zillow Home Value Index since the unit has been bought in 2019

Zillow HVI is flat/slightly negative since 2019

The Zillow Home Value Index suggests the median price cut be at least $10K

The suggested offer of $275,000 coincides with the proposed logic

Conclusion

The data provided by Zillow reflects the market for 444 17th Street Denver, CO 80202 being flat which makes the unit of 1001 worth $275,000 as no major renovations had been conducted in the year of ownership.

Note all this data is from Zillow’s API via Quandl